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According, to an article in USA Today, the median down payment on a $150,000 home for a first-time buyer in 2005 was $3000 (Source: National Association of Realtors, 2005 Profile of Home Buyers and Sellers). A recent random sample of first-time buyers of $150,000 homes was obtained, and the down payment of each is given below: 3600 3100 2700 2700 2700 2300 2800 2200 2100 3500 4100 1900 1900 3000 4400 4000 3500 2200 4300 3400 4500 3400 4000 1800 2800 3400 3000 1600 3400 3700 Assess the evidence to suggest that the median down payment has changed (from $3000). Use alpha 0.05.

According, to an article in USA Today, the median down payment on a $150,000 home for a first-time buyer in 2005 was $3000 (Source: National Association of Realtors, 2005 Profile of Home Buyers and Sellers). A recent random sample of first-time buyers of $150,000 homes was obtained, and the down payment of each is given below: 3600 3100 2700 2700 2700 2300 2800 2200 2100 3500 4100 1900 1900 3000 4400 4000 3500 2200 4300 3400 4500 3400 4000 1800 2800 3400 3000 1600 3400 3700 Assess the evidence to suggest that the median down payment has changed (from $3000). Use alpha 0.05.

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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According, to an article in USA Today, the median down payment on a $150,000 home for a first-time buyer in 2005 was $3000 (Source: National Association of Realtors, 2005 Profile of Home Buyers and Sellers). A recent random sample of first-time buyers of $150,000 homes was obtained, and the down payment of each is given below: 3600 3100 2700 2700 2700 2300 2800 2200 2100 3500 4100 1900 1900 3000 4400 4000 3500 2200 4300 3400 4500 3400 4000 1800 2800 3400 3000 1600 3400 3700 Assess the evidence to suggest that the median down payment has changed (from $3000). Use alpha 0.05.
Transcribed Image Text:According, to an article in USA Today, the median down payment on a $150,000 home for a first-time buyer in 2005 was $3000 (Source: National Association of Realtors, 2005 Profile of Home Buyers and Sellers). A recent random sample of first-time buyers of $150,000 homes was obtained, and the down payment of each is given below: 3600 3100 2700 2700 2700 2300 2800 2200 2100 3500 4100 1900 1900 3000 4400 4000 3500 2200 4300 3400 4500 3400 4000 1800 2800 3400 3000 1600 3400 3700 Assess the evidence to suggest that the median down payment has changed (from $3000). Use alpha 0.05.
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